Painted Pony Petroleum Ltd Stock Price Declines Today

November 24, 2016November 24, 2016Marie Mckinney

The stock of Painted Pony Petroleum Ltd (TSE:PPY) is a huge mover today! About 118,669 shares traded hands. Painted Pony Petroleum Ltd (TSE:PPY) has risen 106.25% since April 20, 2016 and is uptrending. It has outperformed by 100.84% the S&P500.
The move comes after 7 months negative chart setup for the $1.05B company. It was reported on Nov, 24 by Barchart.com. We have $9.58 PT which if reached, will make TSE:PPY worth $63.00M less.

Painted Pony Petroleum Ltd (TSE:PPY) Ratings Coverage

Out of 5 analysts covering Painted Pony Petroleum (TSE:PPY), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Painted Pony Petroleum has been the topic of 18 analyst reports since October 28, 2015 according to StockzIntelligence Inc. The company was downgraded on Tuesday, January 12 by Raymond James. Scotia Capital maintained Painted Pony Petroleum Ltd (TSE:PPY) rating on Friday, August 12. Scotia Capital has “Outperform” rating and $9.50 price target. As per Friday, August 12, the company rating was maintained by TD Securities. As per Friday, November 11, the company rating was maintained by TD Securities. The rating was maintained by Raymond James on Monday, June 6 with “”. The firm has “Market Perform” rating by BMO Capital Markets given on Friday, February 12.

Painted Pony Petroleum Ltd. is a natural gas firm in Western Canada. The company has a market cap of $1.05 billion. The Company’s principal business activity is the exploration, development and production of petroleum and natural gas resources in western Canada. It currently has negative earnings. It is focused on the development of natural gas and natural gas liquids from the Montney formation in Northeast British Columbia.